Commercial Insurance
Regardless of the size of your business, it needs the protection a commercial insurance policy can provide. ESCO Insurance Services, serving the great state of Texas, can provide the protection every company should have.
Knowing Your Commercial Policy
This coverage is one of the most vital investments your company can make. Good insurance coverage protects a business from devastating financial loss that can be the difference between staying afloat or going under. It is important to know the different types of commercial insurance to determine the most appropriate policy for your business.
The three main types of commercial insurance policies are liability, property, and workers’ compensation.
- Liability coverage protects the company from damage inflicted by third parties. It will cover the cost of personal injury or property damage lawsuits.
- Property insurance will cover damage within the company, such as flood or fire damage.
- Workers’ compensation insurance protects the company if an employee is injured or becomes ill because of their job. It prevents an employee from filing a negligence lawsuit against the company for injuries sustained by them.
There are additional, more specialized forms of coverage available under each of these broad categories that address more business-specific liabilities.
Make sure you work with an experienced insurance company with extensive experience and knowledge of commercial insurance. They will discuss common losses within your particular industry and present a proposal for a policy that is best for your business.
Open communication with your insurance agent is very important. Make sure you understand the terms and conditions of your policy. ESCO Insurance Services, serving Texas, can provide you with a no-obligation quote or answers to any questions you may have. Contact us today. You will be glad you did.
